The cost to New Zealanders of National’s asset sales has today hit $1 billion, according to figures released by the partially privatised power companies.
The latest interim dividend figures from the partially privatised Mighty River Power, Genesis, and Meridian show that the Crown has forgone $945.14 million in dividends since the asset sales. The National Government spent $96 million on the asset sales programme, including bonus-share sweeteners for investors. Combined, that means the asset sales have a total cost of $1.041 billion to date.*